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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> shepard: hey, if you kick a helpless see you lose your beach privileges. the mayor of san diego ordering officials to close down a stretch of beach in la jolla after cameras caught people kicking and punching and sitting on top of seals and their brand new pupsz. workers installed the cameras in january to watch the seals give birth. instead cameras caught people harassing the animals. now the beach is off limits at night. that is not sitting well folks say that beach should be open to everybody. trace gallagher is in our west coast news hub. first, did they find the people who attacked the sealed seals? >> not yet, shep. the city attorney says if suspects are brought in they will be prosecuted and wildlife groups sa
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> shepard: hey, if you kick a helpless see you lose your beach privileges. the mayor of san diego ordering officials to close down a stretch of beach...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. and now hot pink toes. seems tough for a tough dog like duke. but when it has anything to do with gwen, he's putty in her hands. for a love this strong, duke's family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep his body as strong as a lov
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number...
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Mar 21, 2013
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we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was approve by 318-109 a federal spending bill to keep the government funded through september 30, which averts a march 27 shutdown of the government. here is the speaker of the house excited by the vote. >> it is a good day for the american people. every family in america must balance their budget. today, us republicans passed our bold plan to balance the budget over the next 10 years. this budget does more than just balance. it helps improve people's lives and addresses the things i think they most care about fixing the tax code lowering rates means more jobs and higher wages
we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was approve by 318-109 a federal spending bill to...
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they sit around hoping that the economy gets worse. it's too late now because the president got reelected overwhelmingly, they did everything in their power just hoping that the american people would say, hey, 8% unemployment, we can't rehire this guy but we did and their strategy didn't work, even though they are not going to be running against this man again, they still think that opposition to the president as well as hits party and what we believe in, but particularly the president, is the glue that holds them together and is going to help them win elections. >> i don't remember if you remember the stockton, he brought ted nugent to the -- >> yeah. >> krystal, he tweeted out, the best thing about the earth is if you put holes in it, oil and gas come out. how is that for kinder and gentler? he actually tweeted this. >> and that's part of the problem. if you have any concern about the environment, if if you have any concern about climate change, are you going to look to someone that's a party that's saying things like that? that's no
they sit around hoping that the economy gets worse. it's too late now because the president got reelected overwhelmingly, they did everything in their power just hoping that the american people would say, hey, 8% unemployment, we can't rehire this guy but we did and their strategy didn't work, even though they are not going to be running against this man again, they still think that opposition to the president as well as hits party and what we believe in, but particularly the president, is the...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> i'm bertha cooperation with your market wrap. words about cyprus sending stocks lower, while oracle shares weighed on the tech indecent. >>> the number of americans ticked hire last week by 2,000, but claims filings remain at five-year homes. >>> and home restales hit a three-month high, but below forecast. >>> now back to "hardball." >>> welcome back to "hardball." breaking news right now. the senate majority leader harry reid has announced right now he will in fact bring a bill to the senate floor to reduce gun violence, and it will include background checks, also school safety and gun trafficking provisions. senator reid says he'll aallow votes on amendments including the ban and limits on high-capacity magazines
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> i'm bertha cooperation with your market wrap. words about cyprus sending stocks lower, while oracle shares weighed on the tech indecent....
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its economy is in dire straits. its leadership is divided. and its position -- in the region, and the world -- has only grown weaker. i do believe that all of us have an interest in resolving this issue peacefully. strong and principled diplomacy is the best way to ensure that the iranian government forsakes nuclear weapons. peace is far more preferable to war. and the inevitable costs, the unintended consequences that would come with war means that we have to do everything we can to try to resolve this diplomatically. because of the cooperation between our governments, we know that there remains time to pursue a diplomatic resolution. that's what america will do, with clear eyes -- working with a world that's united, and with the sense of urgency that's required. but iran must know this time is not unlimited. and i've made the position of the united states of america clear: iran must not get a nuclear weapon. this is not a danger that can be contained, and as president, i've said all options are on the table for achieving our objectives. ame
its economy is in dire straits. its leadership is divided. and its position -- in the region, and the world -- has only grown weaker. i do believe that all of us have an interest in resolving this issue peacefully. strong and principled diplomacy is the best way to ensure that the iranian government forsakes nuclear weapons. peace is far more preferable to war. and the inevitable costs, the unintended consequences that would come with war means that we have to do everything we can to try to...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> former french president now in some legal trouble. brianna's got that, and some of the day's other top stories. what's going on? >> wolf, an investigative judge has charged nicolas sarkozy of taking advantage of lillian bettencourt by getting her to help fund his 2007 presidential campaign. he denies doing anything wrong. >>> a new legal opinion from the government office for plans to cut back on saturday mail delivery starting this august. the legal opinion points to language tucked into the new bill to prevent a government shutdown. the postal service wants to cut back saturday delivery to packages and mail addressed to post office boxes. >>> in germany, a helicopter pilot died and several people hurt in a collisi
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> former french president now in some legal trouble. brianna's got that, and some of the day's other top stories. what's going on? >> wolf,...
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economy and american workers. by ending these abuses, we can generate needed revenue while creating a fairer tax code, one that does not reward corporations and the wealthy for behaviors that put the rest of us at an unfair disadvantage. so when i hear someone say, we're going to have tax reform but it must be revenue-neutral, what i hear is let's keep all the tax breaks for the wealthy and the large corporations. i say it is time to end those. we need that revenue for education, for infrastructure, for biomedical research, for science research. we need it to make sure that our young people today are able to compete in this global economy in the future. mr. president, compromise, common sense, and good-faith negotiations are what we need today. we do not need someone saying, no, we cannot raise revenues. all we got to do is cut spending. on our side, with the leadership of senator murray, we have said we'll cut spending, but we'll also raise revenues. we'll have a balanced approach fl so i irk m i urge my colleago
economy and american workers. by ending these abuses, we can generate needed revenue while creating a fairer tax code, one that does not reward corporations and the wealthy for behaviors that put the rest of us at an unfair disadvantage. so when i hear someone say, we're going to have tax reform but it must be revenue-neutral, what i hear is let's keep all the tax breaks for the wealthy and the large corporations. i say it is time to end those. we need that revenue for education, for...
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are critical conversations going on today about this country's foreign policy, the direction of its economy, and the security of it is citizens. the president is in israel, where he delivered a major speech calling again for a two-state solution in the middle east. in congress, house republicans successfully parsed paul ryan's third budget blueprint, likely to never become law. >>> but we begin with a moment of deep frustration this week. after an assault weapons ban was dropped from senate legislation, while two top gun reform advocates continue to push for reform. in new york earlier today, vice president joe biden and new york city mayor michael bloomberg held a press conference with families of the sandy hook elementary school massacre. delivering a unified message to congress -- get some guts. >> it's time for the political establishment to show the courage your daughter showed. >> quite honestly, i'm really ashamed to see that congress doesn't have the guts to stand up and make a change and put a ban on these types of weapons and universal background checks. >> congress just has to ge
are critical conversations going on today about this country's foreign policy, the direction of its economy, and the security of it is citizens. the president is in israel, where he delivered a major speech calling again for a two-state solution in the middle east. in congress, house republicans successfully parsed paul ryan's third budget blueprint, likely to never become law. >>> but we begin with a moment of deep frustration this week. after an assault weapons ban was dropped from...
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economy has gotten stronger. today's economic data may back their theory but with sequester cuts just beginning to roll out and poor guidance from some of the world's largest companies, how long will it last? we'll ask top economist jeffrey cleveland. sandra: pay tv providers losing customers according to a new study. later in the show one of the top analysts on the street will give us a look into the future of television and tell us what companies will suffer and which ones will come up on top. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go t to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. and make your business dream a reality.
economy has gotten stronger. today's economic data may back their theory but with sequester cuts just beginning to roll out and poor guidance from some of the world's largest companies, how long will it last? we'll ask top economist jeffrey cleveland. sandra: pay tv providers losing customers according to a new study. later in the show one of the top analysts on the street will give us a look into the future of television and tell us what companies will suffer and which ones will come up on...
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we're talking about an economy on the brink potentially of collapse. how far might the dominos fall? >>> domino's. i like domino's sugar, but i like milk a lot. i drink a lot of milk. you got money? you got milk? the milk industry as an utterly big problem on its hands. think about it. >>> and new costs. they may be about to get passed on to you in the milk market. the stock market has taken a hit, sue. >> i'm laughing at the "udderly," and it's utterly ridiculous that some things down here are focusing on. we're down a little bit but not as much as one would think given all the headline risk you outlined. the dow jones industrial average is off 54 points, the s&p is off 6. the nasdaq off about 18. gold has a little bounce, 5 bucks or so, and west texas intermediate is trading down about a buck on the trading session. u.s. markets falling due to some less-than-stellar corporate reports in the last 24 # hours. it's also worth noting that european stocks traded lower today on weaker than expected manufacturing data. and, of course, we're basically down f
we're talking about an economy on the brink potentially of collapse. how far might the dominos fall? >>> domino's. i like domino's sugar, but i like milk a lot. i drink a lot of milk. you got money? you got milk? the milk industry as an utterly big problem on its hands. think about it. >>> and new costs. they may be about to get passed on to you in the milk market. the stock market has taken a hit, sue. >> i'm laughing at the "udderly," and it's utterly...
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you have a very weak economy. it was interesting that in the obama recovery, family income went down to $2,500 a year, where during the recession in come on it went down $5,000 a year. families were doing worse, yet in the campaign, obama ran an extremely good campaign, and he won despite his disadvantages and he won freckly at a predictable way. he made the election about his opponent. allowed obamaple to define romney. romney thether than fighting romney, and that is why it is important for republicans to look back and say what did we do wrong. the idea that the republican party is in some terrible shape certainly -- i do not buy that. i have seen terrible shape. i remember watergate, i remember when the 13% of americans identified themselves as republicans, and the national chairman appointed people to see if we should change the name of the party. for 40 years, the most number of republicans in the house was 192. andy we have 230 something, it is absolutely a bright to figure out what you did wrong, and the ob
you have a very weak economy. it was interesting that in the obama recovery, family income went down to $2,500 a year, where during the recession in come on it went down $5,000 a year. families were doing worse, yet in the campaign, obama ran an extremely good campaign, and he won despite his disadvantages and he won freckly at a predictable way. he made the election about his opponent. allowed obamaple to define romney. romney thether than fighting romney, and that is why it is important for...
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so is all of this a sign the economy is improving? joining me now is michelle gerard, most fabulous u.s. economist for rbs. [laughter] how do you like that? did you know your title had been changed? >> i'm going to get my business cards reprinted. melissa: fabulous, why not? [laughter] talk to me about this data. did it make you feel good about the economy? is it a sign we're moving in the right direction? >> i tell you, you know, i -- it's hard for me to believe that the economy, um, is doing as well as it is. i mean, we've still got all the uncertainty about washington, and i think, you know, what's going on in cyprus is a reminder we shouldn't be so complacent about the eurozone, but the economy is really looking to be doing better than i, um, had even hoped that it would be. you mentioned the jobless claims numbers. i mean, there's something going on there. the trend there is nicely, has moved down nicely. it really kind of corroborates the strength we've seen in the employment numbers in the last couple of months. we know housing
so is all of this a sign the economy is improving? joining me now is michelle gerard, most fabulous u.s. economist for rbs. [laughter] how do you like that? did you know your title had been changed? >> i'm going to get my business cards reprinted. melissa: fabulous, why not? [laughter] talk to me about this data. did it make you feel good about the economy? is it a sign we're moving in the right direction? >> i tell you, you know, i -- it's hard for me to believe that the economy,...
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it's largely a function of the private economy. it's largely a function of the private economy. and it's a cycle that's very well understood. someone has a really good idea for a business, a new business, or growing their existing business. they somehow get access to money, whether it's their own money or money they borrowed or money someone invests through them, and they open this business. there's no guarantee that that business is going to work out. but they are willing to risk it. and the idea works. and all of a sudden this business that they started all by themselves out of the spare bedroom of their home, they now have five employees. and five employees isn't just a number. that's five families that are taking home a paycheck. those are five providers -- mothers or fathers -- that are bringing home opportunities to their children. this is how prosperity is created. this is how every one of us has ever gotten a job or how our parents got their jobs, or -- either because they or someone else risked it and created a business opportunity that provides them a job. this is how
it's largely a function of the private economy. it's largely a function of the private economy. and it's a cycle that's very well understood. someone has a really good idea for a business, a new business, or growing their existing business. they somehow get access to money, whether it's their own money or money they borrowed or money someone invests through them, and they open this business. there's no guarantee that that business is going to work out. but they are willing to risk it. and the...
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economy. connell: what we have been saying here, unless the interest rates start to go up, you can pull people and they can say whatever they want. their behavior will not change unless you see a spike in interest rates. >> it will be hard to get a spike in interest rates with the fed flooding the system with liquidity. the whole world is on painkillers right now. we have become addicted to liquidity, easy solutions and until the fed start to bring it in and interest rates go up, i do not see a change. dagen: do the people who are still buying taxable debt, you start to see money flowing back into u.s. stock. you see billions every week into world stock. >> i think we are somewhere close to the end of a bond bubble. for the third time in 60 years, we are looking at ten year treasury rates below inflation. that is, obviously, not a way to build over time. we have put $1 trillion into bonds from 2009-2012 and we are still not seeing it, now. this great return we are talking about, that has not h
economy. connell: what we have been saying here, unless the interest rates start to go up, you can pull people and they can say whatever they want. their behavior will not change unless you see a spike in interest rates. >> it will be hard to get a spike in interest rates with the fed flooding the system with liquidity. the whole world is on painkillers right now. we have become addicted to liquidity, easy solutions and until the fed start to bring it in and interest rates go up, i do not...
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economy are profound. we just passed a budget for the next year, next fiscal year in the house of representatives. i'm grateful that the budget did allow space for the reformation of this health care law, removal of this health care law, i think we are also joined by another gentleman from texas who wanted to speak briefly about some of the economic effects. i'm happy to recognize my friend, mr. gohmert, from tyler, texas, to speak on the economic effects. mr. goalert: thank you. i'm so -- mr. gohmert: thank you. i'm so proud of the doctors in the caucus, dr. harris, dr. roe, dr. gingrey. we got so much knowledge and wisdom when it comes to health care. and to have those resources not consulted at all but rather dictated to by people who didn't have a clue what they were doing. and all those promise that is were made. you can keep your insurance. well, we now know millions have not, will not. if you like your doctor you can keep them. i talked to doctors as i know you-all have, many friends, who say becaus
economy are profound. we just passed a budget for the next year, next fiscal year in the house of representatives. i'm grateful that the budget did allow space for the reformation of this health care law, removal of this health care law, i think we are also joined by another gentleman from texas who wanted to speak briefly about some of the economic effects. i'm happy to recognize my friend, mr. gohmert, from tyler, texas, to speak on the economic effects. mr. goalert: thank you. i'm so -- mr....
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as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. ♪ >>> back now at 8:10 with "today's" baby bump and words of wisdom for all the moms to be including our own contributing correspondent jenna bush-hager. welcome back. good to see you. >> good to see you. >> feeling good? >> hanging in there. as i prepare for one of life's greatest journeys, mother hood, i asked some people i love to tell me what they learned from their moms. >> tell me what type of mom you had growing up. >> i had a mom who gave us a lot of slack. i think she had faith in us or at least she pretended she had faith in us. as a result, we never wanted to disappoint her. >> she was always the person at the door that greeted you and made you feel great. no matter ho
as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. ♪ >>> back now at 8:10 with "today's" baby bump and words of...
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about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock market, people are worried about how real those numbers are. stuart: you're very much in touch with the political reaction going on in the economy. but there is no political reaction to middle america about what is going on here. president obama is still relatively popular, his policies are still relatively popular. >> his handling of the economy have dropped precipitously. he is now basically dead even with the republicans handling of the economy, so i think the president should be more worried about it than he is. re
about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock...
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for the economy. but to get devote, my senior senator and friend has asked me about the sequester in virginia. and, mr. president, as some of you might know, i took the floor for my maiden speech on this topic last month a little bit earlier than i would have wished to have talked as a freshman senator but with the specter of sequester having such a significant effect on the commonwealth of virginia, i -- i just felt like i couldn't be silent about it. and i have a senate colleague here from hawaii, senator hirono, who i know feels equally strongly about this issue. i took a tour throughout virginia in the middle of february that was designed before sequester was looming to talk to people who were affected about especially in the armed services area and he heard their stories, senator -- and i heard their stories, senator warner, about sequester and the anxieties and threats that it posed. beginning in early april, 90,000 -- 90,000 -- civilian d.o.d. employees will start to be furloughed, just in the
for the economy. but to get devote, my senior senator and friend has asked me about the sequester in virginia. and, mr. president, as some of you might know, i took the floor for my maiden speech on this topic last month a little bit earlier than i would have wished to have talked as a freshman senator but with the specter of sequester having such a significant effect on the commonwealth of virginia, i -- i just felt like i couldn't be silent about it. and i have a senate colleague here from...
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the economy is smaller than the state vermont. warren buffett should just buy cyprus. >> bloomberg buy it and split it in half. >> what did you learn? >> today was a very educational show. we found out phish is starting a new album tomorrow. that's breaking news. and i got to look at my friend james bennett without a beard and i've got to say -- >> no, don't. >> he looks younger. he looks younger. don't you think? >> it's usually what he says. >> he looks younger. >> so i was asking you what made adam so great, editor of "new york" magazine. >> my boss, my friend and i think arguably the greatest magazine maker of this moment, of the last decade or so. >> he knows how to give a magazine a voice. very important. >> and visually. >> we had a lot of "new york" magazine people on today. >> and what a great cover story. >> knocking it out of the park. >> if it's way too early, what time is it, mike? >> well, it's time for "morning joe." but right now it's time for our ole pal crystal izz acht. >> i need a fix. ♪ i'm going down." >>>
the economy is smaller than the state vermont. warren buffett should just buy cyprus. >> bloomberg buy it and split it in half. >> what did you learn? >> today was a very educational show. we found out phish is starting a new album tomorrow. that's breaking news. and i got to look at my friend james bennett without a beard and i've got to say -- >> no, don't. >> he looks younger. he looks younger. don't you think? >> it's usually what he says. >> he...
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the economies there are slowing. germany the fifth biggest and great britain at number 8 and italy at number 10, all shrinking in the last quarter. the entire eurozone is losing huge numbers of jobs. a record 19 million people in the eurozone are now unemployed. tough times. bill: will be that way for years. rocket fire now in israel. police are saying hamas militants in gaza fired two rockets into that country slamming a border town. as president obama meets with palestinian leaders today in the west bank. conor powell is live in the town of sirot, israel, southern part of the country where police say one of those rockets landed. conor. hello. >> reporter: well, bill, israeli officials actually upped the number to four rockets that have been fired from gaza into southern israel earlier today. while much of the physical damage is fairly minor, bill, it was damage to a patio. there is the emotional damage. this is the second time this house here in sderot has been damaged in the last four or five months. there is the
the economies there are slowing. germany the fifth biggest and great britain at number 8 and italy at number 10, all shrinking in the last quarter. the entire eurozone is losing huge numbers of jobs. a record 19 million people in the eurozone are now unemployed. tough times. bill: will be that way for years. rocket fire now in israel. police are saying hamas militants in gaza fired two rockets into that country slamming a border town. as president obama meets with palestinian leaders today in...
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. >> hal: salt being specific, but spices being something you can grow, they were a resourced based economy point, but you could create your own. the frozen concentrated orange juice, big factor in our stock market. the futures were so big that they were actually a plot point in trading -- >> i was going to say that's the best way anyone would know that -- >> hal: exactly. commodities. but the things that have been done in just getting chocolate out of south america, and that's just something people want not something that people need. oil when you are sitting on something that people need you create a power for yourself that is almost religious. because we go over here much like an atheist goes you don't have the window to god, a scientist can go oil isn't the only way, we have sun, hydrogenhydrogen wind power -- >> and everything is boiling down, all of the political parties, all of the religious beliefs are breaking down to someone found the da vinci code and makes a honey trap for that personal type. >> hal: right. >> the glen becks of the world have made a honey trap for people like gl
. >> hal: salt being specific, but spices being something you can grow, they were a resourced based economy point, but you could create your own. the frozen concentrated orange juice, big factor in our stock market. the futures were so big that they were actually a plot point in trading -- >> i was going to say that's the best way anyone would know that -- >> hal: exactly. commodities. but the things that have been done in just getting chocolate out of south america, and...
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Mar 21, 2013
03/13
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we are a public economy. medicare and the military has gobbled up what everyone feels is real economic activity. it is really being paid by the taxpayers. host: let's get a response. guest: you're absolutely right. it ultimately comes down to the taxpayers. the federal government cannot spend a dime that it does not take her borrow from somebody else. when it borrows, there is an interest rate on it. and it has to take money to pay off that debt. i agree with you, we should make certain that we have priorities in washington and we are not spending more than we take in. we need to leave more in your pocket so we can get the economy rolling. in terms of medicare, i would report that the medicare trustees, not republicans, not democrats, but the medicare trustees report, the folks and go charge of making certain medicare is solvent. they are telling us there is a predictable time into the next 10 years at which point medicare cannot provide the medical services for seniors from a financial standpoint. it is incu
we are a public economy. medicare and the military has gobbled up what everyone feels is real economic activity. it is really being paid by the taxpayers. host: let's get a response. guest: you're absolutely right. it ultimately comes down to the taxpayers. the federal government cannot spend a dime that it does not take her borrow from somebody else. when it borrows, there is an interest rate on it. and it has to take money to pay off that debt. i agree with you, we should make certain that we...
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Mar 21, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> as president obama visits israel, the israeli embassy in the united states tries its best to convince everyone that they're best buddies. the israeli embassy actually released this very strange little video to try to make that point. >> warmly welcome president obama to israel. express our appreciation for what he has done for us. >> the bonds between the united states and israel are unbreakable. the commitment of the united states to the security of israel is ironclad. ♪ thank you for being a friend, traveled down the road and back again ♪ ♪ your heart is true, you're a pal and thank you for being a friend ♪ [ female announcer ] new york strips. sudden trips. mr. wiggles and curling irons. for the little mi
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> as president obama visits israel, the israeli embassy in the united states tries its best to convince everyone that they're best buddies. the...
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Mar 21, 2013
03/13
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there is no leadership on the main issues facing america today in terms of the economy, coming out of the white house, because leadership on tough issues requires the president to take political risk, and he won't do it. and this is a guy who will say anything that is appropriate to the group in the room. and that's exactly what he's doing in israel today. he's saying what's appropriate to the group in the room. >> i know bb netanyahu pretty well. he blurbed by first back in 2002. he's he a strong leader and thank god at least there was one adult in the room and one adult that understands the nature of the battle, the conflict between good and evil in our time. bb, there's no way he does not see through this president's bs. do you agree with me? he knows where obama's coming from. i think he knows full well he can't trust him. >> look, sometimes -- sometimes folks we don't completely agree with at least go about things in a constructive way. bill clinton went about trying to deal with the middle east question in a way that really began to make some progress, that was a balanced perspe
there is no leadership on the main issues facing america today in terms of the economy, coming out of the white house, because leadership on tough issues requires the president to take political risk, and he won't do it. and this is a guy who will say anything that is appropriate to the group in the room. and that's exactly what he's doing in israel today. he's saying what's appropriate to the group in the room. >> i know bb netanyahu pretty well. he blurbed by first back in 2002. he's he...
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Mar 21, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. now over to you charles???? sir charles' single miles card left him blacked out. he's coming to us from home. that's gotta be traveling. now instead of covering the final four, he's stuck covering fourth graders. brick! bobby is 1 for 36. mikey? he keeps taking these low-percentage shots. and julio? i don't know what julio's doing. next time get the
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home...
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Mar 21, 2013
03/13
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he has unfounded economies about commitment to israel given what his public statements are. president bush, last president bush didn't visit israel until the end of his second term. president reagan never visited. apparently republicans think that still isn't sufficient. the very fact that this president gave a speech to the arab and muslim world early in his presidency is enough of a question mark. and netanyahu has to get beyond that. obviously the president in dealing with all the various challenges has to get through this as well. they are both bigger politicians and bigger international players than this particular spat. >> the day after the election, in the "the new york times," it said this about what netanyahu had done in the campaign. what took place this time was a breaking of all the rules. when our prime minister intervened in the u.s. elections in the name of an american billionaire with a clear interest in the vote, the very same billionaire who used israel's prime minister to advance a nominee of his own for president, billionaire, talking about sheldon adelso
he has unfounded economies about commitment to israel given what his public statements are. president bush, last president bush didn't visit israel until the end of his second term. president reagan never visited. apparently republicans think that still isn't sufficient. the very fact that this president gave a speech to the arab and muslim world early in his presidency is enough of a question mark. and netanyahu has to get beyond that. obviously the president in dealing with all the various...
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Mar 21, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we filled it with smelly odors. then installed a car vent clip and let in real people. it smells good. like laundry fresh out of the dryer. a man fresh out of the shower. nailed it. proof. febreze car vent clips keep your car fresh. breathe happy. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a v8. >>> congressmancongressman patr earned a bronze star. he's here for an interview about a big direction that could be announced by the president. my wife takes centrum silver. i've been on the fence about it. then i read an article about a s
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we filled it with smelly odors. then installed a car vent clip and let in real people. it smells good. like laundry fresh out of the dryer. a man fresh out...
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Mar 21, 2013
03/13
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it is not a european economy. it is a growth economy. and we will make a mistake that we will regret, and it will be a couaacolossal error. we are a government of limited powers, constitutionally controlled government. it does not dominate or economy. it does not dominate the people's lives. people are free, and they are -- should be encouraged to be independent and resourceful and to take care of themselves and their families. but when they have a hard time, we need to help them. and we've got programs that spend $750 billion a year, i kid you not. you cobble together all the means-tested welfare programs that go to some, you might say, medicaid -- medicaid is a free program for people whose income is below a certain level. medicaid is a means-tested welfare social program. and there are a lot of them. it's the biggest. but you put all of those to it amounts to $750 billion a year in expenses -- outflow. and there are 83, at least, of these programs, and they're not brought together. they have independence in management, in independent,
it is not a european economy. it is a growth economy. and we will make a mistake that we will regret, and it will be a couaacolossal error. we are a government of limited powers, constitutionally controlled government. it does not dominate or economy. it does not dominate the people's lives. people are free, and they are -- should be encouraged to be independent and resourceful and to take care of themselves and their families. but when they have a hard time, we need to help them. and we've got...
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Mar 20, 2013
03/13
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and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the rescue? will the banks there ever reopen? and will it stay in the eu? we've reports from moscow and cyprus, coming up next, please stay with us. >> situation in cyprus getting worse today, banks will not open until next week at the he earliest. good evening michelle. >> larry, another day, another attempt to try to come up with a rescue plan for cyprus, today cyprus suggested that they would try to raid a pension fund, and promise to pay the workers down the road. but that idea was not liked. additionally they are trying get money fr
and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the...
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Mar 20, 2013
03/13
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bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 6 ayears, the united states is proud to stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is committed to dealing with it. >> eac
bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first...
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Mar 20, 2013
03/13
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he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking system is unusually large, compared to
he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after...
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Mar 20, 2013
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if the government stops, will the economy collapse? maybe republicans will be happy because there will be a reserved army of 25 million unemployed people and as for the middle class, that's going to be over. >> we're not talking about jobs that are not necessary. i mean, when i come down your way, as i offered to come down to atlanta, we need insfra structure redevelopment. we're talking about bridges, tunnels, infrastructure that needs repair, needs to be dealt with, jobs that are needed. we're not just talking about charity here. >> indeed. >> look, i have five children -- >> this is not like the works public administration where some of the jobs that were created during the great depression weren't immediately necessary. i love some of those artworks but you can argue that those weren't necessary. but infrastructure spending is absolutely necessary. we are running so far behind. some of our biggest international competitors, like the chinese. >> right. >> who are building high-speed rail, bridges, roads. we're not doing that. our in
if the government stops, will the economy collapse? maybe republicans will be happy because there will be a reserved army of 25 million unemployed people and as for the middle class, that's going to be over. >> we're not talking about jobs that are not necessary. i mean, when i come down your way, as i offered to come down to atlanta, we need insfra structure redevelopment. we're talking about bridges, tunnels, infrastructure that needs repair, needs to be dealt with, jobs that are...
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Mar 20, 2013
03/13
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we're not losing the issues on spending and debt, and jobs and the economy. those are total winners for us. >> michael: i am speechless. michael what is your reaction to that? >> that's crazy. poll after after poll after poll after poll comes out and show that the majority of the american people want x to happen, and as soon as you read that poll, that's nice i'm glad the american people think that but it's never going to happen because republicans won't let it happen. background checks 91% in the most recent poll but many, many polls showing 88%, 91%, show background checks and they were straight line against it. and the majority of polled republicans in this survey supporting public investment in infrastructure spending, and, you know, well -- it's obama has been calling for it for ages, but we know it's utterly impossible. so let's bash harry reid but they are the problem. >> michael: clearly they are the problem, on the assault weapons i'm just frustrated with reid. and you point out 80-some-odd percent on infrastructure and i heard 84% of nra members are
we're not losing the issues on spending and debt, and jobs and the economy. those are total winners for us. >> michael: i am speechless. michael what is your reaction to that? >> that's crazy. poll after after poll after poll after poll comes out and show that the majority of the american people want x to happen, and as soon as you read that poll, that's nice i'm glad the american people think that but it's never going to happen because republicans won't let it happen. background...
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Mar 20, 2013
03/13
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the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about, that ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very much shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery. the upside of them being wrong so often that they actually acknowledge it and try and adjust. so
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about, that ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
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Mar 20, 2013
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and growing the economy. we have to -- 30% of our deficit right now as we look at this going forward is in the slow economic recovery. and so we want these numbers, when we know it was really bad prior to 2009 when president obama was elected, if -- it's gotten better, but it's not where it needs to be. and it won't be where it needs to be unless we invest in innovation, in education, and rebuilding america's infrastructure. that's what we do. this budget makes sense. this budget is for middle-class families all across america. and i would urge my colleagues to support it. mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: i appreciate the opportunity to be with our colleague, senator stabenow, who serves on the budget committee. what i would like to do just briefly -- and i will he yield to senator roberts -- is that president obama on march 13 of this year said "and so you know my goal is not to chase a balanced budget for the sake of balance." my goal is not to chas
and growing the economy. we have to -- 30% of our deficit right now as we look at this going forward is in the slow economic recovery. and so we want these numbers, when we know it was really bad prior to 2009 when president obama was elected, if -- it's gotten better, but it's not where it needs to be. and it won't be where it needs to be unless we invest in innovation, in education, and rebuilding america's infrastructure. that's what we do. this budget makes sense. this budget is for...
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Mar 20, 2013
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we don't want to do more of that because we think it is going to hurt the economy. spending is the problem. under our budget spending grows 3.4% on average every single year and just restraining the growth of spending like that gets us to a balanced budget. so hopefully somewhere between our budget, the spending cuts we have, the reforms we have, we can find some common ground. we need to keep talking to each other and hopefully at the end of the day now that we have a budget process that is moving we can find common ground and get an agreement o get a downpayment on the problem. >> in early april the president eventually is going to release his own budget so there will be a house budget, senate budget, the president's budget. do you believe based on the luncheon that you had with the president that he is ready to make compromises that you're ready to make compromises by the end of july, early august there will be what we call a grand bargain? >> i think it would be helpful to the process if he made them publicly. if he actually said on paper here is what i'm willin
we don't want to do more of that because we think it is going to hurt the economy. spending is the problem. under our budget spending grows 3.4% on average every single year and just restraining the growth of spending like that gets us to a balanced budget. so hopefully somewhere between our budget, the spending cuts we have, the reforms we have, we can find some common ground. we need to keep talking to each other and hopefully at the end of the day now that we have a budget process that is...
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. >> we don't want a class system where we have citizens and the -- >> our economy needs these workers. >> did i sound like i was freaking out because i really didn't want to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states. touching down on the bright skies in tel aviv this morning the president was greet with a red carpet and all the ceremonial trappings of a state visit. joking with israeli prime minister benjamin netanyahu that it was good to get away from congress the president reaffirmed what he called the unbreakable bond between the two nations. a sentiment that was roundly reciprocated. >> the people of islam welcome you with open heart. we deeply appreciate your friendship and we share your hope that the middle east will enjoy a future freedom, prosperity, and peace. >> i'm confident in declaring that our alliance is eternal. it is forever. >>
. >> we don't want a class system where we have citizens and the -- >> our economy needs these workers. >> did i sound like i was freaking out because i really didn't want to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states....
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Mar 20, 2013
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we have a bailout of our own going on every month when the fed puts that money into the economy. that's why we have got the low interest rates, that's why we're seeing a bit of a housing boom right now because money is cheaper than it has been in years. >> it is a huge economic stimulus package from the federal reserve and the chairman, ben bernanke. ali, thank you very much for that report. >>> we're going go back to jerusalem. we're awaiting the president of the united states, the prime minister of israel, they're getting ready for a news conference, to talk about their meeting, talking about iran, its nuclear program, syria, what is going on there. will the u.s. intervene? has a red line been crossed in syria as a result of reports that perhaps chemical weapons have been used? our coverage continues right after this. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exc
we have a bailout of our own going on every month when the fed puts that money into the economy. that's why we have got the low interest rates, that's why we're seeing a bit of a housing boom right now because money is cheaper than it has been in years. >> it is a huge economic stimulus package from the federal reserve and the chairman, ben bernanke. ali, thank you very much for that report. >>> we're going go back to jerusalem. we're awaiting the president of the united states,...
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these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk about cyprus. the interest rates were headed higher. if
these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk...
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let's grow the economy. let's reform the tax system, let's stop picking winners and losers through loopholes, lower tax rates for everybody, families and businesses to create jobs and commig growth. let's open up the resources we have in this country, oil, coal, gas so we can bring down gas prices. increase paychecks, create jobs, help manufacturing. we have a safety net that isn't working. we have the highest poverty rates in a generation. 46 million people in poverty. we need to fix this safety net so so that it works to get people back on their feet again. we need to save medicare so that it's not bankrupt because it is on a path to bankruptcy. so that the current seniors can rest in comfort knowing that it's not going to be taken away from them, so that the obamacare rationing board won't take it from them and so that those of white house are younger can plan for it -- of us who are younger can plan for it. we need to balance the budget. balancing the budget is necessary for a healthy economy. for creati
let's grow the economy. let's reform the tax system, let's stop picking winners and losers through loopholes, lower tax rates for everybody, families and businesses to create jobs and commig growth. let's open up the resources we have in this country, oil, coal, gas so we can bring down gas prices. increase paychecks, create jobs, help manufacturing. we have a safety net that isn't working. we have the highest poverty rates in a generation. 46 million people in poverty. we need to fix this...
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i think it's a very strong powerful budget that really focuses on creating jobs and the economy first and managing our debt wisely and responsibly. >>> what will you say in response to the rep criticism and clearly paul ryan's manifesto, when his budget shows the contrast, what do you say to their criticism that you don't resolve the spending cuts, that you don't deal with the debt adequately, just to play devil's advocate for a moment? >> sure. firstly, we do cut spending in our budget, but if you look at the ryan republican budget, it calls itself balanced, but it does it? just a horrendous ways to families across our country, who have been watching their kids go to school and struggle because of the cutbacks there, people who can't get a job today, people who want to have a strong country in the future, know that the investments we make in education and the infrastructure are devastated in the ryan budget, and he makes false promising that could be kept about reducing the tax rates. the only people that are protected in the ryan budget are the wealthiest and the largest corporation
i think it's a very strong powerful budget that really focuses on creating jobs and the economy first and managing our debt wisely and responsibly. >>> what will you say in response to the rep criticism and clearly paul ryan's manifesto, when his budget shows the contrast, what do you say to their criticism that you don't resolve the spending cuts, that you don't deal with the debt adequately, just to play devil's advocate for a moment? >> sure. firstly, we do cut spending in our...
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there's a lot of unused productive capacity in the economy. there is disagreement over whether you could continue to run the deficits. so, you know -- i don't want to say there's no disagreement. people do disagree over this, and that's the problem that washington hat right now. everyone says we have to cut, we have to cut. that's the problem with the murray budget. it goes way too far toward the republicans. if unfortunate the sharp debate that schumer is talking about, debate the progressive budget, which actually adds spending and stimulus against the ryan plan. >> we haven't cut spending, have we? seriously. can we at least try that and see whether or not all of this -- but that's not cutting spending. you're still spending the money, judd forestalling where you will make the payment. >> it's still growing. >> spending in this country is still growing. it's a contingent and sane argument to make that we need to address it from that side first. we gave you the $600 billion in new taxes, you want more, you want more spending. >> paul ryan we
there's a lot of unused productive capacity in the economy. there is disagreement over whether you could continue to run the deficits. so, you know -- i don't want to say there's no disagreement. people do disagree over this, and that's the problem that washington hat right now. everyone says we have to cut, we have to cut. that's the problem with the murray budget. it goes way too far toward the republicans. if unfortunate the sharp debate that schumer is talking about, debate the progressive...
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Mar 20, 2013
03/13
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they are forecasting the entire economy. when you look at those dates, those are the ones with the more optimistic outlooks. you have the fiscal uncertainties. the fed cannot take that into account in their forecasts. they forecast the economy as it is, not what may happen from the fiscal side. cheryl: the sequester will be one of the things that can change their gdp projections. i assume that would be to the downside. unemployment, that is also key to market participants. is 6.5% unemployment -- if that threshold comes sooner rather than later, that will be a market negative, i assume. >> i would assume that as well. the labor force participation rate is at a 30 year low. we will get it down to 6.5% by giving more people to drop out of the labor market. if you look at consumer confidence as measured by the university of michigan, that have plummeted this year. do not forget, guys, the way that that helps out this u.s. government is keeping the rates low. cheryl: what about the homebuilders, scott? homebuilding has been a bi
they are forecasting the entire economy. when you look at those dates, those are the ones with the more optimistic outlooks. you have the fiscal uncertainties. the fed cannot take that into account in their forecasts. they forecast the economy as it is, not what may happen from the fiscal side. cheryl: the sequester will be one of the things that can change their gdp projections. i assume that would be to the downside. unemployment, that is also key to market participants. is 6.5% unemployment...
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Mar 20, 2013
03/13
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economy. thank you, mr. speaker. and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. pursuant to clause 12-a of rule 1, the chair declares the house today.ss until noon a number of questions regarding the scope of the fourth amendment, injuries prudence. jurisprudence. which can they obtain a search warrant and how long should the data be kept? although no drones operating in the u.s. are yet weaponized, i'm advised, should law enforcement be permitted to equip unmanned aircraft with nonlethal tools such as tear gas, pepper spray? and my concerns about the domestic use of drones extends beyond government and law enforcement. before we allow widespread of drones in domestic airspace, we have to carefully consider the impact on the privacy rights of americans. just last week we are reminded how one company's push to gather data on americans led to vast overcollection and potential privacy violations. similarly, a simple scan of amateur videos on
economy. thank you, mr. speaker. and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. pursuant to clause 12-a of rule 1, the chair declares the house today.ss until noon a number of questions regarding the scope of the fourth amendment, injuries prudence. jurisprudence. which can they obtain a search warrant and how long should the data be kept? although no drones operating in the u.s. are yet weaponized, i'm advised, should law enforcement be...
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Mar 20, 2013
03/13
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CNBC
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the economy is improving. we get to the next problem with is building up the balance sheet in a way that will make it hard to tighten when they need to tighten. >> the fact is you're siding with santelli over me but in a more polite way. one of the keys to what you're saying and i have a counter to this, maybe let you say it which is that you think the issue of taking money away from savers by lowering interest rates is something that hurts the economy and consumer spending more than lower interest rates create spending and helps the economy. >> yes. because first of all if you look at consumer interest income and consumer interest expense, consumers actually have more interest bearing assets an they do interest bearing liabilities. the key is liabilities are fixed rate at this stage or most are because of fixed rate mortgages. if you allow interest rates to go up, you push more none inmon the consumer sector than your cost to consumer sector and older americans live off cds and if you push up the income more,
the economy is improving. we get to the next problem with is building up the balance sheet in a way that will make it hard to tighten when they need to tighten. >> the fact is you're siding with santelli over me but in a more polite way. one of the keys to what you're saying and i have a counter to this, maybe let you say it which is that you think the issue of taking money away from savers by lowering interest rates is something that hurts the economy and consumer spending more than...
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Mar 20, 2013
03/13
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economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initially we know that banks were going to be closed up until tomorrow but at this point there's a lot of speculation that banks will be closed up until tuesday because monday is another bank holiday and at this point it's very, very uncertain that we'll get a viable plan b to get the bailout deal in place at this point it doesn't look like we'll get it by tomorrow. at this point we are expecting that banks are going to be closed for a little bit longer. of cours
economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people...
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Mar 20, 2013
03/13
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that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if
that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to...
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Mar 20, 2013
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we just hit the economy with a $1.6 trillion tax increase. the economy's not roaring right now. and what they're saying, let's o that all over again. we are saying fix the tax code, replace it with a pro-growth tax system that helps small businesses, that helps job creators, that helps families. get government spending's appetite under control. the government is supposed to be spending 5% on average for the next 10 years. that's too much. that's much more than what the family budget gets. we sebring it down to 3.-- we say bring it down to 3.4%. when we look at all the smoke and mirrors, all the claims, none of the democratic budgets that's being brought to the floor ever, ever balance the budget. how is that a balanced plan? balancing the budget is what every family does. balancing the budget is what every business does. balancing the budget is what every local government does. surely our federal government can do this, and one of the key ingredients to growing this economy, to making american businesses big and small competitive so they can create jobs and create take-home pay
we just hit the economy with a $1.6 trillion tax increase. the economy's not roaring right now. and what they're saying, let's o that all over again. we are saying fix the tax code, replace it with a pro-growth tax system that helps small businesses, that helps job creators, that helps families. get government spending's appetite under control. the government is supposed to be spending 5% on average for the next 10 years. that's too much. that's much more than what the family budget gets. we...